NYSE Enters Blockchain: 24/7 Trading and Tokenized Assets Set to Challenge RWA Crypto Projects

The New York Stock Exchange is the world’s largest of its kind. Now, the NYSE is working on its own blockchain solution to enable tokenized asset classes and 24/7 trading. This puts RWA altcoins under pressure.

The history of the New York Stock Exchange dates back to the 18th century, and the trading venue has been active for over 200 years. The NYSE’s rise to become the world’s most important stock exchange is also due to its commitment to understanding the needs of traders and its position at the forefront of technological advancements.

It is therefore a logical step for the New York Stock Exchange to explore blockchain and tokenized RWAs (Real World Assets). A corresponding press release provides insights into the exchange’s strategy and is sure to resonate with the crypto community.

First finding: The New York Stock Exchange is developing its own blockchain and does not intend to rely on existing solutions. While, for example, FIFA, the world football governing body, wants to move into the future with Avalanche, the NYSE, like the SWIFT payment system, is opting for its own path. This continues the trend of large companies, not only in the financial industry, acknowledging blockchain solutions but preferring their own proprietary models.

Advantages of blockchain for the NYSE: 24/7 trading and tokenization

One reason for this, according to the New York Stock Exchange, is its desire to combine its proven technology with blockchain and maintain as many options as possible for external interfaces. NYSE on-chain offerings are intended to enable trading around the clock. 24/7 availability is crucial for traders; severely restricted trading hours are no longer considered modern.

The second logical step: the New York Stock Exchange plans to include stocks, government bonds, and related asset classes in its portfolio in tokenized form. This would allow, for example, trading fractional shares of a stock. BNY Bank and Citibank are already involved in these plans and are also working on recognizing tokenized assets, as well as stablecoins, as collateral.

RWA projects in the crypto industry are facing competition from the NYSE

Essentially, the NYSE is using all the same arguments for tokenized RWAs that Ripple and Solana also employ to capture the growth market. If these companies face competition from the New York Stock Exchange itself, it will harm their prospects. Given a choice, professional traders are unlikely to exchange their familiar marketplace with its virtually inexhaustible liquidity for offerings from the crypto industry.

Conclusion: The New York Stock Exchange (NYSE) is poised for a step into the future in 2026

The NYSE expects its 24/7 blockchain platform to be approved and subsequently debuted later this year. Tokenized RWAs, stablecoins, and other features may follow at a later date. But one thing is clear: the New York Stock Exchange has no intention of ceding business areas to the crypto industry; instead, it plans to develop its own blockchain offerings in cooperation with major banks. This is good news for crypto adoption, but a severe setback, or even the beginning of the end, for RWA tokens.

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(Featured image by David Vives via Unsplash)

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